What is Filecoin project?

Filecoin is a decentralized protocol which enables anyone to rent out spare storage space on their computer. Likewise, anyone can buy storage on the network.

By allowing anyone in the world to join the network, it can create a huge source of data storage. As more and more systems become computerized, it will be needed to satisfy the increase in demand. It is being created by Protocol Labs, spearheaded by Juan Benet, a computer scientist and engineer.

What is FIL token and what it is for?

The cryptocurrency FIL is the underlying token that powers the Filecoin network. It is used to pay for data storage, data retrieval and any other transactions that may occur within the network.

Filecoin (FIL) serves as the native asset to the Filecoin blockchain which form the core of the Filecoin project. Economic incentives and disincentives are baked into the blockchain to produce the optimal number of storage and retrieval miners providing honest service to clients. The FIL supply is capped at 2 billion and will be released through block rewards over the subsequent decades.

Is now the good time to invest Filecoin(FIL)?

The infrastructure of the IPFS protocol layer is the distributed storage data centers, commonly known as a “mine”. This kind of distributed storage data center is actually aimed at the operators & service providers of the traditional IDC, such as Amazon, Alibaba Cloud, etc. The storage competition in the future is mainly on the storage cost, and the core is IPFS technology. The market for blockchain + storage + server hardware will be immeasurable.

Filecoin is the first and only distributed storage project implemented in the blockchain field as an important part of Web 3.0. As its only official incentive token, FIL will also have great value. The total circulating supply of FIL is 2 billion, and there is a destruction mechanism in its economic model. As more traditional IDC service providers enter the market, more tokens will be destroyed, and the price of FIL will only get higher.

What is Filet?

Filet Finance is a decentralized Filecoin mining protocol deployed across the Filecoin, Filecoin FVM, BSC, HECO, and Mixin networks. It tokenizes Filecoin mining power to offer FIL holders risk-free and high-yield FIL staking services through DeFi. TopBlocks, one of the largest Filecoin mining pools in North America, provides backing for Filet.

How does Filet work?

Considering the high barrier that is turning ordinary investors away and the problem of token staking, Filet launched to connect global high-quality mining service providers with ordinary investors, so that mining service providers can gather the idle FIL from the market. Investors can use the FIL they have for mining.

Filet is playing the role of collecting the idle FIL in the hands of ordinary investors and providing them to mining service providers as the tokens for staking in Filecoin, and at the same time distributing mining power to ordinary investors, so that they can also participate in Filecoin mining. With the help of Filet, mining service providers can expand the scale of mining with idle FIL in the market, and users can join Filecoin mining without any additional investment.

Why choose Filet to mine Filecoin(FIL)?

As a unique decentralized storage system, Filecoin has taken advantage of the growing popularity of cloud computing platforms and created an open market for storage. The protocol is highly bankable at the moment, thanks to its decentralized data storage marketplace that makes the web more secure and efficient.

Regular FIL users can get a piece of the pie by participating in Filecoin mining through Filet’s decentralized cloud mining platform for a risk-free, high return, and low barrier experience. Moreover, Filet also opens doors for regular investors to seize the dividends of Filecoin.

How can Filet secure my FIL assets?

Filet has been running since May 2021, and the product is stable without any problems.

Filet was deployed on blockchain so that its assets are open and transparent. At the same time, Filet has been double-audited and certified by Certik, which can ensure the safety of users' assets. In addition, the Filet project has open source, which can also ensure the safety and reliability of the product.

How to join Filecoin mining via Filet?

For holders of FIL who have native FIL, they can participate in Filet via HiWallet or Topia Wallet.

To download HiWallet, visit https://www.hiwallet.org

To download Topia onto your computer, go to: https://www.topiawallet.io/

For holders of FIL tokens stored on the Binance Smart Chain (BSC) or Huobi Eco Chain (HECO), they can use any digital wallet that supports either of these two chains and then visit app.filet.finance.

For FIL holders on Filecoin's Filecoin Virtual Machine (FVM), they can join Filet through any wallet that is FVM compatible, including FoxWallet, HiWallet, MetaMask and so on.

What is TopBlocks?

In June 2020, TOP Network invested $1.5 million into TopBlocks, which comprises three major businesses — TopBlocks Mining (IPFS), TopBlocks Studio, and TOP Supernodes. It serves as a blockchain platform for IPFS mining and blockchain games, and has its mining power and servers located in the Silicon Valley of the United States, thus avoiding any policy risks.

What service does TopBlocks provide?

For over 3 years, TopBlocks has been diligently invested in the mining power arena. Services provided by the company are professional, cost-effective, and have yielded good returns. Specifically, within Filecoin mining power, TopBlocks has developed a robust and reliable mining system, with a wide range of efficient and high-performance mining equipment and services to serve the needs of different miners.

Why choose TopBlocks’s mining machine?

TopBlocks’ mining machine is highly reliable, secure, and cost-efficient. Its data center is located in the tech mecca of Silicon Valley, United States, and features cutting-edge 5A-level IDC servers, a 99.99% SLA service agreement, and dual-circuit uninterruptible power system. All these features significantly enhance the stability of the data center. Exceptionally, users of TopBlocks’ mining machines can expect a 30-day lucky value exceeding 110%, far exceeding the luck value of other manufacturers at 98%. This translates into an extra 10% income for users.